The signing of a 14-point US–Iran memorandum reopening the Strait of Hormuz has pulled crude back toward $80 a barrel — and in import-dependent Luxembourg, where the Ministry of the Economy fixes maximum pump prices, the relief is already visible on the motorway price boards.
Ireland has effectively ended the 2021 moratorium on new data-centre grid connections, but under tough rules: new sites must match 100% of their grid draw with dispatchable generation and cover 80% of annual demand from new Irish renewables within six years. Data centres already use 22% of Irish electricity (up from 5% in 2015), heading toward 30% by the early 2030s. A study for Friends of the Earth claims the sector added 360 euros to the average home bill in 2015-2023.
From 1 January 2026, Luxembourg raises its carbon price to EUR 45 per tonne of CO2, increases the CO2 tax credit to EUR 216, and lifts tobacco excise duties by about EUR 0.30 per cigarette pack and EUR 0.40 per 50g rolling tobacco pack.
Abu Dhabi's signalled withdrawal from OPEC and rare public rebuke of fellow Arab states have exposed a rift with Riyadh that the cartel will struggle to paper over.
Mogadishu is moving toward its first offshore drilling operations after decades of delays, with seismic data pointing to a basin that could be one of Africa's most consequential new hydrocarbon discoveries.
A barrage of missiles and drones hit the Fujairah Petroleum Industries Zone and a UAE-flagged tanker on 4 May, the first major attack on Emirati territory since the 8 April US-Iran truce.
Almost no commercial shipping is using the strait two months into the war. Reopening it has become the single largest economic question of 2026.
The largest US grid operator forecasts a 6 GW reliability shortfall by 2027 as AI data-centre load surges. Operators are racing to build behind-the-meter generation while the politics catch up.
EDF wants to extend the lifespan of the four-reactor Cattenom nuclear plant on Luxembourg's doorstep until at least 2035. Reactor 1's pivotal fourth ten-yearly safety review takes place in 2026.
The orders compress permitting, expand DOE authority over advanced reactors and underwrite SMR deployment — a single-day push to align the US nuclear regulatory state with AI-driven electricity demand.
The 2026 budget pushes Luxembourg's CO₂ price one step higher in a planned escalation that began at €20/tonne. The depreciation rate on sustainable energy renovations of rental housing rises from 6% to 10%.